GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Announces Earnings Results

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) announced its earnings results on Thursday. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18), Zacks reports. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The business had revenue of $267.00 million for the quarter.

GCI Liberty, Inc. – Series A GCI Group Trading Up 7.0%

GCI Liberty, Inc. – Series A GCI Group stock traded up $1.62 during midday trading on Thursday, hitting $24.69. 112,911 shares of the stock were exchanged, compared to its average volume of 48,368. The stock’s 50-day simple moving average is $23.39 and its 200 day simple moving average is $28.58. The stock has a market capitalization of $708.52 million, a price-to-earnings ratio of 3.37 and a beta of -0.67. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. GCI Liberty, Inc. – Series A GCI Group has a fifty-two week low of $19.30 and a fifty-two week high of $41.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Insider Transactions at GCI Liberty, Inc. – Series A GCI Group

In other GCI Liberty, Inc. – Series A GCI Group news, Director John Malone bought 1,000 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the director directly owned 2,559,752 shares of the company’s stock, valued at $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 543,232 shares of company stock worth $13,582,081 over the last ninety days. 7.87% of the stock is owned by company insiders.

About GCI Liberty, Inc. – Series A GCI Group

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.